tv Mornings With Maria Bartiromo FOX Business January 26, 2018 6:00am-9:00am EST
week. >> thanks for having me. lauren: thank you for joining us on fbn:am, we will send it over to mornings with maria which starts right now from davos. ♪ >> live from davos, switzerland at the world's economic forum, here is maria bartiromo with the special edition with mornings with maria. maria: good friday morning, everybody, from davos, i'm maria bartiromo, it is friday january 26th, top stories right now 6:00 a.m. on the east coast. pitching america first on the world stage n just two hour's time president trump will take the global stage selling global leaders in davos that the u.s. is open for business. >> i think it's going to be very well received. a very positive message. the united states is doing fantastically well, better than what we have done in decades, the stock markets are
incredible, businesses are coming back into the united states, i think it's going to be a great message that people are going to like to hear it. maria: i'm talk to several business leaders on what they want to hear from the president's speech today, we will bring you the president's comments live this morning as the president getting set to speak. the speech comes amid unprecedented confidence which could get another boost when fourth quarter gdp comes up this morning, we are expecting 3% growth. i spoke with steven mnuchin about what to expect. >> last year when we were talking about 3% gdp everybody lined up and said we were crazy and that the economy couldn't grow higher rates of 2% and now we are at 3% gdp and, you know, we are going to be a sustained 3% gdp or higher and it's called the tax cuts and job's act because this was about creating
american jobs. maria: that optimism still fueling markets, adding another 140 points, finishing above 26,392. the nasdaq and s&p closing flat, s&p up and nasdaq down. take a look at futures this morning, we are expecting another gain at the start of trading, dow industrials up, quarter a percent higher. s&p a quarter of a percent and nasdaq to up 38 points, that's one half of 1%. the momentum goes on. in europe check indices, ft up, cac quarante up almost 1% n paris and dax index in germany up just a fraction. in asia overnight, hang seng big winner, better than 1 half percent. investigating the investigators, the justice department recovering some of the missing texts between two fbi agents
linked to mueller probe. outrage after the newly uncovered messages reveal worry that is the fbi would be too harsh on hillary clinton specially if she would become president. meanwhile earnings in focus once again in wall street, honeywell, two big names we are watching this morning. as soon as they hit the tape, we will bring you those numbers. intel delivering a big despite chip flaw scandal. starbucks disappointed on lukewarm holiday sales, shares of intel up 6%, semiconductors will conductors weak this week, starbucks down a quarter percent in the premarket. trying something new, colonel sanders getting a makeover unlike any other. the country legend taking over as first female mascot coming up. joining the conversation this morning, special interview of king rania of jordan, we will talk about changes in the middle
east. we will catch with ceo of ibm. chairman and ceo and founder of group steven will be my special guest and martin sorrell and will i.am. first first dominating davos. president trump to address the world economic forum two hours from now. the president expect today use speech to promote tax cuts and deregulation and tax policies. some attendees plan to quietly plan to walk out and joining me to talk more about that former u.s. u.s. ambassador to honduras, méxico and philippines, former national intelligence director under bush 43 john. thank you so much for joining us. >> good morning. maria: what are you expecting from the president today in. >> the most important statement is the one he's made by coming here because i don't think anybody expected that to happen. he has come to the temple of
globalization. so i think it's going to be very interesting to see whether he just gives a sermon to keep with that analogy for a moment and whether he's really willing to listen to others as well. so i'm delighted he's come, i think he's going to be well received whether a couple of people walk out or not, they want united states engagement. the world does and hopefully he's also going to listen to some of the messages that they've impart today him during the past day or so. maria: what do you think méxico is thinking, the u.s. is about to get real deep in terms of nafta renegotiations, the president said, look, we just want fair trade as a former un ambassador to méxico, what's your take on what we might see in terms of nafta? >> i think nafta is important greet, $50 billion worth of chain, supply chains between u.s. and méxico creates lots of jobs. i think mr. trump indicated that
he wants to reduce the deficit in trade between the two countries, ongoing negotiations going on right now in montreal between the various delegations. i think the main thing he wants to get is higher north american and possibly u.s.-content requirements for automobiles which are the single biggest, the deficit between ourselves and méxico is attributed principally and something has to happen in that area. apparently the canadians have put a proposal on the table. they haven't revealed it publicly but it's apparently something above the current 62% north american requirement for vehicles built in the free trade area. maria: i see. does he have a point in free trade deals, it feels like america is at disadvantage? >> he does and he doesn't. we may not always got tennessee best advantage possible, on the other hand, i think he's not right or those who think that
globalization has not been in our interest, i don't believe are correct. we have to find some balance, i think what he's done, i think what he's done as new sheriff in town, so to speak, we are back here, the united states, and we are more are prepare today use the great economic leverage that we have in trade negotiations than we may have year to forward. maria: fox news learned that the president did tell top officials that he wanted to fire special counsel robert mueller, this was past june, was talked out of it by the white house council don. [inaudible] >> fire robert mueller? >> fake news, typical new york times, fake story. [laughter] maria: wow, fake news he called it. what do you think about that? >> well, first of all, this is a matter under investigation and i think we are going to have to wait to what mr. mueller comes
up with, i believe his attitude ever since magan has become white house council he's more dispose today cooperate. i don't think he will fire anybody at this particular moment. i think he's willing to let things play out. maria: as former national intelligence director under bush 43, i know you are very much a believer in the rule of law and you want to be able to trust national security agencies, you want to trust the fbi, the cia and even the irs by the way, we have new text messages that were revealed yesterday and they show that fbi officials peter strzok and lisa page who were a couple, they were concerned about being too tough on hillary clinton during the agency's investigation into her e-mail server. page basically said to stroz, don't forget, she could be our next president and you don't want to be too tough on her, does that show bias in your view? >> that's inappropriate authorization of the law enforcement process and so i
think if that report is true then i think that's been -- that's a real error on their part, error of judgment and ought to be looking into and i assume that mr. mueller will take a look at it as well. maria: i know this wasn't under mueller's mandate, the text messages are coming out that not only did they have this incredible bias against trump by they were also involved in the mueller investigation and they basically we wanted to destroy evidence. >> right, i meant in the sense that if there is this kind of bias it might mean there was also a bias in the other direction of wanting to give the president a harder time. maria: really fascinating stuff. ambassador, great to see you. >> thank you. maria: thank you so much for joining us. we want to take a break. when we come back, tragedy in south korea as fire rips through emergency hospital room, dozens hurt, we will have all of the details when we come right back, we are rounding out busy earning season, the company reportedly
seeing sluggish u.s. sales but strengthen in latin america, we will see how that's affecting this this quarter, busy day in mornings with maria, markets are up pssst. what? i switched to geico and got more. more savings on car insurance? a-ha. and an award-winning mobile app. that is more. oh, there's more. mobile id cards, emergency roadside service... more technology. i can even add a new driver... ...right from her phone! geico. expect great savings and a whole lot more. every truck guy has their own way of conveying powerful. yeeaaahhh boy. kind of looks like a monster coming to eat ya.
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with neulasta onpro? strong chemo can put you at risk of serious infection, which could lead to hospitalizations. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day, so you can stay home. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro. maria: welcome back, a deadly fire to report at south korean
hospital. cheryl casone has deadlines now in new york, cheryl. cheryl: that's right, maria, at least 37 people died after the fire began in emergency room in the first floor quickly spread. an additional 125 patients were injured, most of the dead had been hospitalized for respiratory diseases and were in intensive care unit in second floor. the cause of fire is under investigation, officials say the death toll could rise. if you're one of those people that were convinced that the world is going toned, better start prepping your bunker, atomic science's nuclear doomsday is set at two minutes till midnight. the last time the clock was moved to midnight 1953 that was during cold war. the clock is symbol of concern from the scientific computer. it's more about a message. the closer to med night according to scientists, closer we are to total human annihilation from nuclear war
fair. dell is considering ipo or acquisition. plan to go meet later this morning to discuss initial public offering, yeah, might go public again. dell also considering purchasing the mware, cloud infrastructure company. sharesle are up more than 60% in the last 12 months. of course, we are looking at a lot of numbers, maria, earning season is rolling on. honeywell expected to report higher earnings compare today a year ago thanks to demand for service and obviously their fair parts, analysts are looking slightly lower profit due to expected problems in middle east and higher ad spending and reports latest reports thanks oh to strong sales from drug. honeywell up 35% from a year ago,coldgate up and so far, we are in the thick earnings, maria, so far pretty positive story despite the charges we are
seeing from all the multinational because of tax reform. overall a good story. maria: it's a good story and good earnings period for the most part when you look across all industries, we will see what happens in terms of guidance coming up for 2018, thank you so much. coming up next, crumbs, that is what house democratic leader nancy pelosi continues to call benefits and bonuses given out by dozens of companies because of the new tax plan. next up black stone group chairman steve will talk about domestic impact of president trump's tax overhaul. two hours away from the president's speech here in davos. the markets continuing to make records as well as the impact of tax plan, back in a minute.
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maria: coming to you live this week in davos switzerland, business leaders gathered for the world economic forum and one of the hot topic this is year the booming u.s. economy. i spoke with the black stone group chairman and ceo and cofounder steven to talk about the global impact of president trump's tax overhaul. >> starting in the united states i think the tax changes, tax bill are going to be quite positive, you know, first you've got lowered tax rates and highly competitive around the world for the first time in a very long time. you've got expensing of capitall one 00%, so if you're in any
kind of business that needs equipment, u.s. is going to be a great place to be located, you've got the potential to return $2 trillion of money into the united states from abroad, just from u.s.-controlled companies and that all adds up to something pretty good and in addition, i think, what's going to happen is that companies outside the united states are now recognizing that the u.s. competitive posture has changed quite dramatically and we are going to be seeing unanticipated foreign investment into the united states because we will be the best developed market in the world. so altogether is a pretty positive story. maria: this is a very important point, actually, have you seen changed as a result of policies from investors across the world? >> yes, it's anecdotal which is
how you pick things up because everybody has to make plans but what people say when you talk about is, jeez, something important is happening in your country, i've got to do more there, you are going to grow faster, you're deregulating, we should be doing that in our countries and, you know, it's a very positive buzz. maria: a lot of people were questioning the carried interest situation. i want you to make the case, obviously, you're getting a benefit because of the carried interest that it's still there. this loop hole, the decision says we left it in there and we we want to discourage, they said they were doing away with all of the deductions? >> well, it's only been a hundred years of loophole. i don't know how you define -- it's capital gain's treatment and has been changed under the current tax law and, you know,
what they've done is they moved it from a normal one-year capital gain to three. what happens is if you have any capital gain within the three-year window it's treated as ordinary income, so this effects basically, well, pretty much every hedge fund and denies them carried interest -- no, they tend never to invest in anything longer than three years, so it knocks them out pretty much and also affects firms like ourselves when we sell something before 3 years which we do a certain percentage of the time, is it's not like thing were left exactly the way they were, long discussion and argument as to why this is a capital gain and one of the reasons is that, you know, you have to invest money to get it, if it's paid out and the fund
that you've you've got the profit in doesn't meet certain returns, you have to pay it back. maria: which is why i ask you to make the case because i'm hearing the same thing. not to be underestimated is the rollback of regulation, this has had ul economic growth and unleashing animal spirits, yes? >> absolutely yes and, you know, this is one you can see really easily. there was really sort of a regulatory suppression of the u.s. economy, you know, part because of the financial crisis and its aftermath in part because usually systems tend to overshoot and we probably overshot in a whole variety of areas over the previous eight years and, you know, there was a lot of rhetoric that was very negative to the business community and lack of understanding, i think, what powered an economy and this type
of rollback which isn't everywhere, it's not irresponsible in total is really creating, you know, enormous energy and enthusiasm and is -- is actually an example to people around the world of how you get an economy going. it was no accident that the stock market started going up the day after the election and not because anything was accomplished that day, it's because the theory of the case, the plan to -- to do much more deregulation than increased regulation as well as reduce taxes bring money back from abroad. this actually is quite sound, i think it's difficult to really be thoughtful and be against this in concept. how things work out, practically
some things work terrifically well and some don't, but in total, this is a very good strategy and the fact that markets have embraced this means that politically people who don't think this is a good idea are being outvoted if that means anything, you know, big-time by the business community and it's not just the u.s. business community, markets are global, particularly the u.s. markets and the global world is saying in terms of checking right track, wrong track, this is right track. maria: look around the world for us, where do you see the big opportunities right now? >> well, u.s. is a good opportunity, europe has been very strong surprisingly. people had given up on europe. we started really investing heavily in europe a few years ago, so the break-up in bre pit
-- brexit has led to recommitment to europe and the biggest problem we found when we were investing in europe why it was so appealing was that the europeans had lost confidence in europe. maria: you have done so much in china, do you still see opportunity from an investment standpoint in china? >> you have to be selective in terms of what you do in china, they'll probably be a business that grows up there over some of their distressed loans because there are a bunches of them and, you know, it's not as easy as it is in other parts of the world, but china itself, if you buy the right types of things, it's growing latest report was 6.9%, it's a very vibrant economy. if you go to china, you sort of shake your head when you come out. things are changing so rapidly
and that's the nature of a country that's been the most rapidly growing transformative economy in world history over a a-year -- 30-year period. maria: made prediction that the company will continue to get more successful. they are really right now embarking in new capital raise for next two years, steve, my thanks for joining me. we will take a break. live from davos a lot more, allegations against lyft whether some employees abused customer data. honeywell reporting earnings before the bell this morning, we will have numbers before they hit the tape, back in a moment.
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happy friday, january 26, 6:30 on the east coast. the eyes of the world focus on davos, switzerland, donald trump set delivery is highly anticipated speech at the world economic forum 90 minutes from now, making good on his promise to put america first while telling the world the united states is open for business, most companies get back to workers due to the historic tax overhaul, home depot one of the major names to pay out big checks to employees, despite the optimism on main street and wall street democrat nancy pelosi remains on the attack. >> the middle-class, around it, fatcats. around it. just this little thing. you get the crumbs, take at the banquet. maria: voters want answers why
democrats voted against the tax plan given the impact. display the criticism from nancy pelosi world leaders are eager to hear from the president amid the us economic boom, live coverage of the president's speech at 8:00 eastern, stay with us for that speech, optimism fueling market, without climb to an all-time high, record of 26,00392 adding 140 points, nasdaq and s&p are flat. the momentum goes on, we expect a higher opening for the broader averages, dow industrials the high of the morning up 50 points, the s&p up a 12:45% and the nasdaq hire by 1/2 present. investors waiting on the reading of fourth-quarter gdp due out later this morning, another 3% for gdp. markets in europe mostly high, the s&p up 1/2 present, the cac quarante in paris up 1% and it ask and ask in germany down a fraction. mostly hire, take a look with the exception of japan, the
nikkei average down a fraction though hong kong is a winner a better than 1.5%. lift is searing towards controversy, details of the ridesharing service facing claims it abused customer data. ksp, colonel sanders, makeover, find out how things are shaking out, the first female country celebrity, the american story and davos, donald trump set to deliver his highly anticipated speech from the world economic forum, joining me to talk about this is tom hayes. good to see you. what do you expect to hear from the president and what is your take on the policy so far? >> very happy. less regulation and not more regulation, highly regulated industry, we will hear from the president, well-received by americans but not in this
setting. maria: in the tax law, one month old at this point, company after company issuing checks and bonuses, did your tax rate go from 40% to 21%. >> the investors, what it means for us. 34% rate. $40 billion food company, largest in the us. it means a lot to plowed back into the business, capital certainly making sure, anding that up a bit. we could not be happier about the outcome. maria: let's talk about trade, something that is impacting your company and the entire
industry. what do you want to see in terms of chicken, beef, and as you export these products overseas you met with trudeau in canada. >> a number of ceos, do no harm in terms of nafta. we have great trading partners with mexico and canada for tyson foods, big customers, but more so for us agriculture it is truly important. we just went to do no harm and needs to be revived, the agreement can be changed but the substance that affects us agriculture we would like to be left intact. maria: explain the impact of nafta. i feel like this was a deal which told corporates you can have the factory overseas and sell back to the us but that impacted jobs and put america at a disadvantage. how did it but american companies at a disadvantage from your standpoint? >> american companies shipping product into canada or mexico is not a disadvantage.
it is an advantage for agriculture. and other industries there is a big disadvantage if you have moving factories, the labor challenge for the us, the agricultural community, enormously positive. we export 10% of sales, we are $40 billion company, that is a big part of the business and it is very profitable as well. not just us but the whole us is focused on making sure nafta stays as is. maria: what did you tell prime minister trudeau? >> we want to see more trade, tariffs that could be increased a little bit. we also want to modernize parts of the agreement which are outdated. the contract, term of the agreement could probably be shorter and to look at how things can be updated.
maria: these policies are going to be in fact full to earnings and that is driving the market. a congratulations here, the second contribute tyson foods top fortune magazine's most admired companies list for food production, congratulations, that is terrific. how are you able to keep building on that? >> we have an incredible team, 122,000 people around the world, they do great things and want to make sure food is something accessible, affordable, and we are doing a lot of things, sustainability is a big deal as world economic forum, everyone talks about growth but with growth comes responsibility. we have been focusing on that. maria: what about safety? and to get involved in food in america, what are you doing in that regard? >> every plant is safe and a
tremendous amount of focus from the government as well and doing the right thing. maria: great to talk with you. we will take a break, when we come back, kindle killer, walmart announcing a new deal to get into the e reader market and something new taking over at kfc, the company pitchman getting a new female voice, we will reveal country legend named the new colonel sanders, back in a minute. ♪ ♪ play your game ♪ at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com
first champion after day 12 saw the double final in melbourne. christine and tanya had too much as they closed out the straight 79, career grand slam. maren shall agenda good dream run of kyle edmund in their semi final. the 29-year-old was in control throughout the match as they struggled with her hip problem, becomes the first croatian to reach the championship match. tennis channel live coverage from melbourne continues friday at 9:00 eastern. maria: left investigating claims that one employee has snooped on personal information. cheryl casone he has the story. cheryl: it is all about privacy
rights, an anonymous tip claimed employees were hacking into customers data. one of them bragging about finding mark zuckerberg's personal phone number. another employee allegedly collecting the info on hollywood actresses. if the investigation finds the claims to be true these employees will be fired. walmart ramping up global online presence. japan's biggest e-commerce site to take on amazon. they will sell e-books, e-readers and audiobooks later this year via the website. and help from walmart to run to online brush service in japan. shares of walmart up 60% over the past year and get this. kfc is making history. the latest celebrity to play the colonel is a woman. ♪ i'm colonel sanders
♪ absolutely nothing changed ♪ the famous country singer ♪ definitely not a bonus ♪ >> reba mcintyre donning the white suit, black tie, glasses, white wig, even a goatee in the new kfc ad. she embodies the qualities of the colonel with her showmanship and entrepreneurial spirit. shares of kfc up 30% from a year ago, promoting a new smokey mountain barbecue chicken but had a way to get that to davos, switzerland, i would have come up with it. maria: that would have been good. how about that? new kfc pitch woman a woman. dagen: i love that, representing the ladies out
there. what about miranda lambert? i am a huge miranda lambert fan. when your singing career is over, what do you do? pitch fried chicken. livening up the brand. we will take a break. the chairman and ceo of ibm, another successful woman talking about how technology is transforming the workforce, the historic role at one of the economic forum's, a group made up entirely of women, how about that revenue growth after several quarters of decline? back in a minute. ♪ at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be.
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>> top leaders in business descending on davos this week, several top female executives from across the globe including jenny remedy. i talked to her about her role as one of the economic forum chairman, group made entirely of women. >> quite a long time ago, not coincident with other incidents, it is a wonderful example because women have so many different achievements from florida state christine. is a wonderful look at different roles women have in the world. maria: gives a different flavor with man in charge. >> very collaborative and supporting each other. maria: a lot of optimism about the global economy. you just reported earnings in the fourth quarter and celebrated. a lot of people said this was great numbers, revenue growth
-- >> broad environment, we do see people around the world taking on longer-term issues to reposition themselves. and some clients, the incumbent disruptor meaning the moment is come for existing companies to say i have something the world doesn't have a. 80% of the world's data, only 20% is searchable, i can reinvent myself, i will use that to my power and tools are there and an incumbent disruptor. instead of being disruptive. that is what i see around the world, whether they do customer service, running up a new bank, whether it is a car rental company, a great fleet manager with autonomous cars.
the celebration, and the ibm -- this has really been repositioning the company and reinventing the portfolio. 50% of the portfolio is new. what you saw was driving it, the cloud result, top three grew 30%. all our strategic initiatives, new product services, those were 17% growth and represent just under 50% of the company. it is powering and mirroring what customers are doing. maria: how do you keep this going? >> what we are really about is a high-value company, it is not about growth at any cost, it has always been about moving and that is how you exist era to era and keep reinventing. maria: with the rollback and regulation you expect it to be okay, what can you tell us in
terms of what you are seeing in bookings and order flow for the year ahead? >> you see client investing in long-term projects, you see a blend between efficiency which everyone continues to be focused on but also investing to build foundational programs for the future. if you look at car companies, everything they are doing to do an autonomous connected car, create a platform around the world. the digital infrastructure, not just physical infrastructure. maria: watson has been a real gem for ibm, talking about machine learning. watson was there a long time ago as it relates to health care. >> we are the world leader in ai and unleashed that to the world, watson is what most people think of. the manifestation with jeopardy, watson, made it acceptable to everyone but you
focused on applying ai to business, the business platform, i see people doing a breadth of things. and treated over 100 patients now and oncology rolling around the world, and if you think about it, india, one oncologist for 1600 people and they never have a chance to have world-class assistance for a doctor and diagnosis of the treatment. >> a lot of conversation about people worried machines will take over for their jobs. >> this is why i agreed to be a cochair. this is an important inflection point, for the tech industry, society at large, it is our job to steward in these new technologies and guide them into the world which gets to
your point, and wonderful for healthcare, everything you can think of there is the opportunity, and jobs and skills. maria: you are seeing prostate cancer done robotically, you are not going to lose your doctor. >> looking at most doctors the amount of time they spend with you is so small versus everything else they are doing so we will all do what we do best, these systems will do what they do best, this man plus machine i said to you before i wish it wasn't call artificial intelligence, augmented intelligence, will propel the world forward and this is something we have to go prepared for because everyone's job will change. meetings i came out of, we all have a role to play. maria: what are the most potent
skill sets as they graduate into the workforce? >> the ability to work with systems, data come machines and it pervades every -- adaptability, people say what are you hired for? the number one criteria list, if it is one skill today it is a problem. if a person keeps learning it is all about in that mood, mood is not the great way for it. maria: we will take a break, i'm speaking to the queen of jordan previewing donald trump's speech in the next hour. "mornings with maria" continues. ♪
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the day after chemo might mean a trip back to the doctor's office, just for a shot. but why go back there, when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infection from 17% to 1%,
a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro. live from dallas, switzerland. here is maria bartiromo with a
special edition a mornings with maria. good friday morning. it is friday january 26. your top stories right now 7:00 a.m. on the east coast. america first taking the stage in about one hour. the u.s. is open for business. join us as 8:00 a.m. eastern. last year wn we we talking about 3% gdp everybody so we were crazy that the economy could not growl at higher rates of the 2% given the size of the economy and where we were. now at 3% gdp and we will be at a sustained 3% or higher and it's called the tax cut and jobs act because this is about creating american jobs.
the optimism is really strong here and it's fueling markets. another all-time high yesterday. i half of a%. we are waiting on the first reading. that is due out in about an hour and a half. the markets are trading up ahead of the gdp. up to 72 points. the s&p 500 up a third of a%. in europe let's take a look at the indices one day after they say no move in into straits. thirty-five points higher. there up they are up almost 1%. in asia over night markets closed mostly higher with the exception of japan. up one and half% as you can see there.
they are among the big names. we are watching those numbers. the earnings are in line with the estimate. they were among the losers this morning. down 3%. we will tell you exactly what she said about running for office in 2020. the hilarious photoshop a fail. the first look at the opera barbie toy. first this, this hour. he is set to deliver an address to the attendees at the world economic forum in under an hour. blake burman is here with me. america is open for business that is one of the themes that you can expect to hear from president trump next hour as he addresses the world economic forum it will really be according to the white house a continuation of what
we have heard from the president. the present well also president will also take aim at trade calling for calling for it to be fair and reset reciprocal. expected to last in the area 50 to 20 minutes. to ratchet up the pressure and for the world as a whole to come together and fight against isis. the president gave this prediction here in davos here this morning. the united states is doing fantastically well. i think will be a great message and people are going to want to hear it. the president today has already met with the leader of rwanda. the president who also heads the african union. and the host country here.
he feels like this trip in davos will end up bringing billions and billions of dollars back into the u.s. and world leaders are also talking about the president and his latest. as president trump makes his arrival at the world economic forum. the state of relations between the u.s. and jordan. but many other countries although they expressed sympathy the support does not necessarily come through.
america being great again comes from america engaging with the rest of the world. the principles it represents a openness. of embracing different people. it's built on great ideas and talent. the success of any country i am looking forward to seeing how that united states will continue to be the authority and later in the world. what can you tell us about the meetings and everybody is excited to see firsthand what his ideas are and what his thoughts are. and how he can balance between making america great in his engagement with the rest of the world. in the role that the united
states will play with the other countries in the world. it will be interesting conversations to see how that will balance. isolationism is not an option anymore. the world is mobilizing whether we like it or not. how can we make it work. how can we address some of the flaws. there are so many social people are worried about the future of jobs. they're worried about technology about terrorism and migrants. these fears are not unfounded. if we don't address them happily they could make to fear and although fear can be irrational reaction it can invoke thoughts and behaviors.
>> there has been a lot of changes throughout the middle east. can you characterize the state of play today. you are right. there is still a lot of turmoil as you can see. we've seen a lot of recipes they have reduced countries like that. they seem to be taking a back stage now. i was born in the middle east of my life there. i know that's not with what
the arab people want or deserve. they are predominantly young. they want better. what would you want is jobs and opportunity. in a good education. they want to participate and have a say. they want a good life for their kids. i think it is time for us everybody is so frustrated with the violence in the conflict and it's time to have a new kind of dialogue both inside the middle east and towards the middle east. we measure success by closing the human dignity deficit. where we measure winning by the number of jobs created.
and not just by political influence. i think it's time for us to get off of the crisis and conflicts that we been on for a lifetime. i think the people are looking forward to that. we've seen how countries and whole economies are both there we have come a long way to feeding isis and i'm very happy about that but i don't necessarily feel much safer because the fertile ground of instability and hopelessness that breeds these kinds of groups. we are very happy that in the global counterterrorism work these kinds of groups can always regroup and reinvigorate.
as we are focusing on fighting the bad guys we need to be focusing on rebuilding and providing hope and empowering the good players in the middle east. they are trying to open their countries and reform other countries will look at. you had launched a new learning program. for example we launched a program and it's an on line learning platform. and now we are trying to expand it so that they can reach children all the way to kindergarten to grade 12. it would give the children even in yemen and syria a chance to catch up and had access to world-class learning. hopefully that would change the trajectory and tip the scales and you're talking
about people innocent young age. it's either one way or another. if we wait then we had generations of children who are growing up in darkness and less susceptible to extremist thought. it leaves the rest of us vulnerable. imagine what skin look like when these children come of age. and protect ourselves and make sure our future is a better place. do you feel like you got better in that regard. their ability to cause the havoc they've caused have has been undermined.
although they may be getting weaker and are part of the world we see them getting stronger in countries like africa. it is the ideology that needs to be defeated. we've talked about this in the past. what can you tell us in terms of the refugees. you wanted to make sure that there was proper housing and a proper place to answer this and have a solution to the refugee crisis. there are 65 million people who are displaced because of conflict and persecution. the countries that are least equipped to deal with this issue have to shoulder the majority of the problems. and jordan has have its fair share.
that has have a devastating impact on us because only 10% of them are in the camps. they have to share what little they have. we are spending one fifth of our budget to cover the cost of refugees. and many wealthy countries have walked away from their responsibility are thinks to at 8:00 a.m. eastern. we are breaking down the expectations right here life from dov us. -- davos. the media mogul now addressing
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they appear out of nowhere. my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see. a former disney star arrested and charged with arm robbery. adam hicks today he is sitting
at a california jail. he is accused of robbing several pedestrians a gun point. they're both been held on $350,000 will prove don't look for oprah winfrey's name on the ballot. the job does not interest her and she doesn't have the dna for it. she also says she's drawing some attention. check out this photoshop fail.
people of course wasting time. take a look at twitter. take a look at these new barbie dolls. metallic creating the dowel --dash make the dolls that are created by their character. it has been a tough year for mattel. take a look at the stock. it's down 35 percent over the last year. chaos and riots in france. after nationwide super market chain pushing to get a hold of this. another person at a black eye. the chain have to issue a statement saying that is a disagreeable -- disagreeable event.
at the after after the scene at the supermarket. other other things to protest and be upset about. how about the presidential election. let's talk opera for a second. she could always campaign she is the rainmaker and quite frankly after you had reached the top of the mountain by would you want to go to dc and deal with all of those trifling people. i have to ask your take on this. going into the 2020 election but even before that the midterms later this year you have to believe that the democrats again had to explain why they voted against the tax plan.
how idiotic is it that nancy pelosi is still referring to these bonuses as crumbs. the median household income in this country according to the latest sunset -- census data. those crumbs is a brand-new television set and then some. that is so deaf to the real play of the american people. we will see if they are actually force to go with those issues. the ceo of w pt we are taking your life to the speech we are also looking at colgate palm all of shares. down better than 3%. stay with us right here life.
even with insurance, we had to dip into our 401(k) so it set us back a little bit. sometimes you don't have a choice. but it doesn't mean you can't get back on track. great. yeah, great. i'd like to go back to bermuda. i hear it's nice. yeah, i'd like to see it. no judgment. just guidance. td ameritrade.
worried about the impact of expansionary moves on whether that feeds through. as a businessman what you do when you look at this optimism and say is this 2006 or not. and then by the end of the year we have a massive financial upset in the housing crisis at some point in time. i think the question is when. the trump tax plan. and then we have a reduction of regulation. and then we have infrastructure spending probably coming in as well. that will be in an area the u.s. economy is strong. and people are very optimistic about it. as a businessman gift anticipate.
the u.s. it becomes more and more important as a result. asia, latin america. particularly in the british context. if the uk is going to be a mogul. it means that we have our trade patents that are confined in the u27. we have to shift the balance to the market. in an overall point of view as well. it will be interesting to see what they would say. we can probably see some more interest there. not necessarily a bad thing looking at tpt again. obviously with the balance and not necessarily in america's favor but a balance with
america whether they are being disadvantaged. i think they'll be stressing the impact of the tax cuts which the market was accepted -- expecting 25 percent. he was saying he was even more in favor than that. a 40% improvement. a must have a very significant impact in terms of workers so as long as it doesn't go i think it's purely into dividends and buybacks. at some point in time inflation will catch up and we will get inflation and then the question about the impact of central bank policy. that's where the rubber hits the road i think. we have midterm congressional's.
the question of reelection in 2020. when you look at it in the moment you would not bet against president trump. so unless they can come up with a really strong candidate. come november they will have to explain why they voted against it in the shutdown. let's talk about technology obviously converging for a long time here. in terms of money moving into the sector and how people will be viewing that. about 2 billion went into facebook. very strong in both channels. whether snap will become more and more important. what amazon is going to do. it has become a big surge phenomenon.
and their pain like $8 billion for content. and that is another battle. the decision he has become a major investor. and the facts of shareholders. in 20 to 25%. our second largest investment. we are investing about 3 billion in fox and disney. amazon is building its advertising platform. very small at the moment. we will be 300 million this year. growing very rapidly and as the advertising platform other ones apart from snap with verizon and microsoft that is another potential contender.
with that dominance comes responsibility. and the question as is i call them the seven sisters. and google and facebook and amazon. those seven are for $20 in market cap. those five american companies are the five most highly valued companies in the world and in our branding surveys the five most dominant brands. these are very powerful entities but with power becomes responsibility. the decisions that had to come down. does become more and more important. i think the european governments are looking much more closely at the power that the internet giants head.
it depends on where you look. intech yes. in healthcare the hmos. some of it is financial services area but in the package goods area there is great concern. the key to me and the problem around our industry is that we are increasingly recovering the cost. if to grow at the top line. two innovation and branding. those are the keys. if you're an automobile company. the key is about electrical vehicles and autonomous vehicles. i think that is a bit of a issue. the other thing that is happening as we see in the
west that tells you the difference in the mindsets. the local companies 50,000 people on the campus ali baba 15,000 people. it's 200,000 people. they are not stealing technology the in the global picture obviously but the local competition that is becoming more and more important. we are just about 30 minutes away from the president's speech. house minority leader is slamming companies that are giving wage increases to their employees.
she said these abundances are crumbs for the middle class. then putting the speemac down. the plans to tackle football with the league of his own. back in a minute. stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be.
bartiromo. at the world economic forum. welcome back tgif everybody. happy friday. and it is friday january 26. president trump is set to deliver his highly anticipated speech and about 25 minutes right here at the world economic forum. the united states is open for business. the speech comes as more companies are giving back to workers. [indiscernible]
despite the criticism of the world leaders are still eager to hear from president trump. take a look at this record. the s&p 500 was also stronger. take a look at futures of this morning and markets are on fire again. momentum continues as a dow industrial as a is up another 50 points. we had been up about a hundred earlier. that's a third of a%. we are waiting on the gdp number. it's due out in less than an hour. we will flash on the screen if the president is still in his speech. that's also driving the
action. we have big names reporting this morning. honeywell leveled with double numbers. the estimates on revenue. down better than 3%. in europe this morning. we are looking at markets higher. there up to 50 points. in the index is up a fraction. markets closed mostly higher with the exception of japan. the best performer up one and half percent. if at first you do not succeed try, try again. they are growing tired of the nfl's action. bill gates is serving up a new career. he prepares to team up with tennis legend roger federal.
first of the top story this half hour. at present trump is set to address in the world economic forum here. joining me right now as the wall street journal executive editor. what are you expecting from the president this morning. it sounds like he is going to give a variant of america first. we expect to be treated fairly but that does not mean that we are anti- trade or anti- global nest. i think he will give a little something to everybody. it seems like he will also going to take a victory lap for the american economy and say we are great place to invest. we want your business. were bringing america back. that kind of stuff. a number of attendees are planning to silently walk out of the president's speech. i don't understand this attitude about the president has been talking about america's open for business.
and we want to do business with all of these other nations and sharing it. with the other countries and those very people. i do understand what don't understand what these people are doing. offer not. when the u.s. does will it also helps the rest of the world. i think that's what's interesting about him being at this. as you know there is attention there. quietly many leaders will tell you i don't really like the rhetoric. all of the ceos you talk to cannot deny that they're happy with the tax bill. it's kind of how they are feeling. their attention for all of them. they have changed the business strategy. they were going to be investing in europe.
they are investing in the u.s. right now. two things that were interesting and that u.s. i have actually heard that sometimes there so much irritation with china here. china is tough. the u.s. it might help on that situation. i think the second thing that doesn't get enough regulation is the rollback. they had people from the white house saying what regulations might we undo. to create jobs. the ceo is certainly like that. i want to talk to about that as it relates to tech.
there can have to explain why they voted against the tax plan and why they sent it. here is the discussions that are going on in everyone's home. i will give away a little bit. here onset you know what we're talking about were talking about the tax cuts and the tax brackets and how it next week where we work people will seek more money in their paychecks. that is the discussion. every day in the past week. this is can impact more than 90% of american workers and their get a to seek more money in their paychecks. nancy pelosi can do miss -- dismissed the bonuses as much as she wants. it is a major mistake when you have them keeping more of their own money. that is what they are going to vote on.
what happened to armageddon. i am waiting for the plague of locusts again and they want to do grating up grinning off the cliff. there is no way that they can look at the tax reform and argue that. it's impossible. let's talk immigration for a second. they had put forward up potential past. in exchange for funding this is a new proposal. here is what senator elizabeth warren tweeted. they subjected 800,000 dreamers to deportation.
it is insulting. it is called the dream act. the white house democratic caucus issued this statement. this is not an immigration proposal it is a ransom note. i think the chain migration issue is probably really the deep one. there is already variance of the lot down there. the chain migration issue i think that's probably the biggest issue for them. i think it's clever by the president to do that because he can say i put forward a very bold plan i think it well. and the wall street journal editorial page has a really favorable trump immigration
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we will be taking speech life. it's making a comeback. it was sacked after one season at the reincarnation of a pro- football league will be gimmick free. in january 20208 teams 40 man rosters will begin play. it will be faster than the nfl. and a soul investor in the league. they noted i can say here are the rules and as long as you are plain for us playing for us you follow these rules. perhaps a mandate to stand for the national anthem. when you weakening of the game of football back to fans.
i think it's in a time honored tradition any sport here in america. i think it be appropriate to do that. vince mcmahon also said no players with criminal records would be a little loud. it ask flan -- fancy please stand for the national anthem. fifteen recipients that need since most prestigious decoration before next sunday's game. he received his metal. he will flip the coin is surrounded by other metals recipients. march 5 the 30 time grand slam finalist will team up with microsoft cofounder bill gates to play at charity doubles match.
they are training hard. we really had to up the game for the next match. 188. today show host savannah guthrie. that raises money for children's education in africa. we spoke with bill gates here yesterday. and he is very serious guy to see him do that is great. and it's all in the realm of raising money for africa. so it's all good. coming up the hit to make her makes his mark in the business world.
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latest business ventures. and has big belief in ai. what is the next big thing. where is that leading you. so ai is the next big frontier. right now your iphone as an internet phone. and there's a bunch of internet devices. ai devices are around the corner. really excited for our lunch. i don't want to say too much about it. but it's good to be pretty awesome. we talk about aib in the next big thing. but isn't it also can be a job killer. hopefully we can plan as a nation and a world. one of the most interesting stories about the use of drones and self driving
trucks. hopefully as a world we can prepare in advance for the greatest use of artificial intelligence. we are more ahead of this. i'm sitting here with philip jennings who is one of the leading voices in terms of union and advocating for the people. we will get the preview and reaction to the president's speech in just a few minutes. that is what we've got.
the fastest it hasn't 12 years. we will take a break. present trump gearing up to deliver his message in davos, switzerland. all of the attendees are in place. the president is on his way. work hard for the money grab a seat. woman: okay. moderator: nice to meet you. have you ever had car trouble in a place like this? (roaring of truck) yes and it was like the worst experience of my life. seven lanes of traffic and i was in the second lane. when i get into my car, i want to know that it's going to get me from point a to point b. well, then i have some good news. chevy is the only brand to receive j.d. power dependability awards for cars, trucks and suvs two years in a row. woman: wait! (laughing) i definitely feel like i'm in a dependable vehicle right now.
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. jo president trump in davos, switzerland to deliver to attendees at world world a few minutes i am joined by blame blame with me phillip jennings one of the leading voices in terps of labor as we await president to take podium what do you want to hear from the president. >> a are we getting a healing speech from mr. trump. is he going to send is a message answering the davos call to be more engaged more international, more accepting of the world america created in the postwar years working together, i am looking for positive messages on climate jobs employment a message of hope to working people everywhere, that he is on their side in terms of rights in terms of paychecks. >> what do you think blake burman. >> we are getting from white house i don't think anything
on climate from the president here, and on healing aspect telling you what we're hearing on healing aspect i guess what side of the allergic are you on going to hear president talk about trade needing to be fair reciprocal you know how he talks about, trade surpluses is if you are one of those countries might not necessarily like what you marry from tournament today this is a message that he has been talking about, for more than a year, the difference now is in front of a world audience some might be hearing for the first time. >> has union gotten a better celebrating -- >> be honest you are the leading voice. >> we have never been happy with trade regime as presenting to the world we have been crying for years, that these trade deals are being lopsided, they take care of the swamp, there is as mr. trump refers to them, if we saw as a rigged system workers rights pushing to one side what i would like to see other leaders would like to see as
well if you put social dimension into trade deal can you do same to american economy if preaching to the world to respect worker rights collective bargaining fair play health care dreamers whole lot we need a social dimension to the trump policy missing if lecturing the world about you are also unfair playing the victim so on, so forth, look at home you made promises to american people mr. trump. maria: better economy, 4% economic growth. >> going to say, and we even have some excerpts i will go through quickly on trade we will enforce trade laws restore integrity to the trading system only insitting fair rekidnap cal trade can we create a system that works no the just united states but all nations. >> i know -- >> i've got a little bit of it
here. >> getting above labor in there fair pay? >> we are talking. maria: thousand bnz checonus c a christmas present what comes after people want american workers. >> not crumbs. >> the american work has not had a real pay increase for 35 years they have been poorly served by your labor relation system in the country 0% american -- 80% american workers life paycheck to paycheck no answer nots sustainable donald you made massive promises to the american worker, let's see if you can deliver in front of a world. >> sounds like labor not on side of nancy pelosi here called this crumbs. >> hill did not bring in labor unions running did she unions are not there. >> labor movement garth vote trying to get people vote for her as bernie sanders as well. >> you wanting bernie sanders i would have been happy with
bernie sanders because donald trump sold his -- >> he wasn't getting anywhere because hillary clinton and her team basically locked him out. >> came close, came real close. >> one or two about conversation here, jump in. dagen: me? bernie sanders was in favor of cutting taxes for the vast majority of americans, cutting corporate taxes permanently bernie sanders was in favor of getting the government out of the way, of doing business in this nation. i think not. i loved how president trump said if somebody else had been elected president no names, names -- that market would have fallen 25 to 50%. he said that earlier. today. >> yeah. maria: right, that is right, when you look at stock market that has seen 7 1/2 trillion dollars in value that is something lifts many boats you can't say that is just one portion, i recognize not everybody is invested but -- >> i don't know who --
>> a very -- >> very selective choice from friends in washington not here in proficiefront of me. >> this is about lifting the yachts not the boats. >> so you don't like the -- the bonus checks increases in wages, 350 billion dollars apple putting in economy. >> don't put those words into my mouth i would like to see the -- the american business community give their workers a fair shake. a bonus a one-off bonus, of course, a good thing having want to see economic growth. but we have a fractured world the problem number one is income distribution the same level as a century ago we are in the guilded age, the onlionl to correct this giving workers a voice american business community the committed to ensuring workers have a say on pay, and then they can
negotiate a fairer distribution of the wealth that we are seeing, i say again, 80% american workers living paycheck to paycheck, ain't good enough in a white house would say through 401(k), talks about 401(k) up 35, 40%, they say this tax plan is coming down, to the american worker. they say, you know look at bonuses three million people plus, they say, that this is just you are very viewpoint what you will hear from president. >> a bonus, that is the latest. >> one hundred percent workforce. >> a small -- it is a small number some say some say better than nothing. >> what is the answer phillip what do you want to see this president do to move needle on income and equality tell us. >> really important look once again how income is distributed in the country only be done giving workers more rights, more collective
bargaining are. >> the president let's listen. >> thank you very much a privilege to be here, at this forum, where leaders and business signs are he diplomacy and world affairs gathering to discuss how we can vans prosperity security and peace i am here to represent interests of american people to affirm america friendship partnership building a better world, like all nations, represented, at this great forum, america hopes for a future in which everyone with an prosper, every child can grow up free from violence, poverty and fear. over the past year we have made extraordinary strides in the u.s.. we are lifting up forgotten communities creating exciting new munts aping ever american find their path to the
american dream the dream of a great job, a safe home, and a better life for their children. after years of stagnation, the united states is once again experiencing strong economic growth. the stock market is smashing one record after another. and has a added more than seven trillion dollars in new welt since my election. consumer confidence business confidence manufacturing confidence highest in many decades. since my election, we've created 2.4 million jobs that number is going up. very, very substantial small business optimism is at all-time high new unemployment claims near lowest we have seen almost hf a century, african american unemployment
reached the lowest rate ever recorded in the united states. and so has unemployment. among hispanic americans. the world is witnesses the resurgence of a strong and prosperous america. i am here to deliver a simple message. there has never been a better time to hire to build to invest and to grow in the united states. america is open for business and we are competitive once again. the american economy is by far the largest in the world. and we have justing enacted the most significant tax cuts and reform in american history. we have massively cut taxes for the middle class small businesses, to let working families keep more hard earned money we lowered our corporate tax rate from 35% all the way
down to 21%. as a result, millions of works have received drutax cut bonuse in amounts as large as 3,000 dollars. the tax cut bill is expected to raise the average american household income by more than 4,000 dollars. the world's largest company apple announced it will plans to bring 245 billion dollars in overseas profits home to america. their total investment into the united states economy will be more than 350 billion dollars over the next five years. now is the perfect time to bring your business your jobs, and your investments to the united states. this is especially true because we have undertaken most regulatory reduction seen
regulation is settleth taxation the u.s. unelected bureaucrats we have them all over they have k imposed ant business ant working regulations on citizens no vote no, he legislative debate, and no real accountability. in america, those days are over, i pledged to eliminate two unnecessary regulations for every one new regulation, we have succeeded beyond our highest expectations, steed of two-for-one, we have cut 22 burdensome regulations for every one new rule. we are freeing our businesses workers so they can thrive and
flourish as never before we are creating an environment that about attracts capitalvitcapital invites investment rewarding production america is the place to do business so come to america, where you can innovate create and build. i believe in america. as president, of the united states i will always put america first, just like the leaders of other countries should put their country first also. america first does not mean america alone. when united states grows so does the world american prosperity created countless jobs all around the globe the drive for excellence creativity and he innovation in the u.s. has led to important discoveries that help people everywhere, live
more prosperous, and far healthier lives. as the yu pursues domestic reforms jobs and growth we are working to reform the international trading system so that it promotes broadly shared prosperity rewarding for those who play by the rules. we cannot have free and open trade if some countries exploit the system at the expense of others. we support free trade. but it needs to be fair and it needs to be reciprocal. because in the end unfair trade undermines us all. united states will no longer turn a blind eye to unfair economic practices including massive intellectual property thoest, industrial subsidies, and pervasive state led
economic planning. . they see and other predatory behaviors are digs to-- distorting globing markets harming business works not adjustment u.s. but around the globe just like we expect the leaders of other countries to protect their interests, as president united states i will always protect the interests of our country, our companies, and our workers. we will enforce our trade laws restore integrity to trading system, only by insisting on fair and reciprocal trade can we create a system that works not just for the u.s., but for all nations. as i have said, the united states is prepared to negotiate mutually befl bilaterby lat befl bilateral trade
agreements with ul countries will include countries in tpp when are very important we have agreements with several already we would consider negotiating with the rest, either individually or perhaps as a group, if it is in the interests of all. my administration is also taking swift action in in other ways to restore american confidence and independence. we are lifting self o imposed restrictions on energy production to provide affordable power to our citizens and businesses and to promote energy security for our friends all around the world. no country should be held hostage to a single provider of energy. america is roaring back now is the time to invest in the future of america. we have dramatically cut taxes, to make america competitive.
we are eliminating burdensome regulations, and a record pace, we are reforming bureaucracy to make it leareresponse identify accountable ensuring our laws enforced fairlyly we have the best colleges and universities in the world, and we have the best workers in the world. energy is abundant and nation affordable never a bettrtter tie to do business in america we are making historic investments in american military, because we cannot have prosperity without security. to make the world i safer from rogue regimes terrorism reis veryist bouts we are asking our friends allies to invest in defenses to meet their financial obligations. our common security requires everyone to contribute their fair share. my administration is proud to
have led historic over thes at the united nations security council all around the world to unite all civilized nations in our campaign of maximum pressure to denuke korean peninsula continue to call partners to confront iran support for terrorists and block iran's path to nuke weapon working to did he joy jihadist terrorist organizations such as isis and very successfully so the united states is leading a broad coalition to deny terrorists control of their territory and populations to cut off their funding to discredit their wicked ideology. i am pleased to report that the coalition to defeat isis has retaken almost 100% of the territory once held by these killers in iraq, and syria.
there is still more fighting and work to be done. and to consolidate our gains. we are committed to ensuring that afghanistan, never again becomes a safe haven for twloists want to commit mass measur you murder, i thank those in crucially efforts you are not just securing your own citizens but safing lives restoring hope for millions and millions of people when it comes to terrorism we will do whatever is necessary to protect our nation, we will did he have our citizens and our borders. we are also securing our immigration system as a matter of both national and economic security. america is a cutting edge
economy, but our immigration system is stuck in the past. we must replace our current system of extended family chain migration with a merit based system of admissions that selects new arrivals based on their ability to contribute to our compromise i to support themselves financially, and to strengthen our country. in rebuilding america we are also fully committed to vepg our workforce we are lifting people from dependence to independence because we know the single best antipoverty program is a very simple beautiful paycheck to be successful it is not enough to invest in our economy. we must invest in our people. when people are forgotten, the world becomes fractured, only
by hearing and responding to the voices of the forgotten can we create a bright future that is truly shared by all. the nation's greatness is more than the sum of its production a nation's greatness is sum of its citizens the values prides love devotion character of the people who call that nation home. from my first international g summit through g20 to u.s. general assembly to apec, to the world trade organization and today at world economic forum my administration has not only been present but has driven our message that we are all strongerer when free, sovereign nation cooperate toward shared goals and cooperate toward shared dreams. representative in this room are some remarkable citizens
from all over the world. you are national leaders business titans. >> giants many of the brightest minds in many fields, each of you you has the power to change hearts trans form lives and shape your countries destinies with this power comes an obligation however a duty of loyalty to the people workers, customers, who have made you who you are. so together let us resolve to use our power our resources, and our voices not just for ourselves, but for our people to lift their burdens, to raise their hopes, and to empower their dreams to protect their families their communities, the histories, and their futures, that is what we're doing in america. and the results are totally unmistakable why new
businesses investment are flooding in, it is why our unemployment rate is the lowest it has been in so many decades. it is why america's future has never been brighter. today, i am inviting all of you to become part of this incredible future we are building together, thank you for hosts thank you to the leaders and innovators in the audience most perform thank you to all hardworking men and women who do their duty each and every day making this a better world for everyone. together, let us send our love, and our gratitude to make them because they really make our countries run. they make our countries great. thank you. and god bless you all thank you very much. . [applause] . >> thank you.
>> highly accepted speech president trump giving it at the world economic forum, delivering his america first message, joining me once again, is the u.n.i global union general secretary with blake burman here phillip he started off talking about strides america has made went through tax plan, and the impact there, so that americans are going to see an increase in household income 4,000 dollars, then went to trade, talked about the america not going to have trade deals that are not fair, then went on to regulation, and ended up with security, talking about isis being on the run, wrapped up the speech with the again, the sfriedz that america made then thanks the audience thanked the world for their contributions your reaction. >> first off, this was a trickle down speech. in terms of expressing a hope that the economic growth and a stock market increase that we are seeing you want to go back to trump. president is still speaking
let's get back to that i'm sorry, pardon me. >> -- so this has been really great what you have done putting it together the economic forum. the tax reform was a lot of people over many years but they aren't able to get it had done many people tried, ronald reagan was really the last to make a meaningful cut in reform ours is cutting and reforming we emphasized cut but reform is probable almost as important. we want to do it. it is very tough politically to do it hard to believe, that would be but it is very, very tough that is why it has not been done in close to 40 years. and once we got it going, it was going and the big and i wouldn't say total surprise, but one of the big things that happened took place is at&t and some others came out very early and they said they were going to pay thousands and
thousands of dollars to people that work for their companies you have 300,000, 400,000, 500,000 people working for these companies. and all of a sudden it became like a big waterfall a beautiful waterfall where so many companies are doing it and even today just announced many more but every day they announced more and more, and now it is a fight for who is going to give the most started 1,000 now up to 3,000. this is something that we didn't anticipate. oftentimes in business, things happen that you don't anticipate. usually that is a bad thing. but this was a a good thing, this came out of nowhere. nobody ever thought of this as a possibility even. it wasn't in equation we waited we said wait till february 1 when the checks start coming in, and people klaus have a lot more in paycheck not just a little money this is a lot of money for people making a living doing whatever they may be
doing, and we really thought february about 1 was going to kick in -- february 1 kick in we haven't gotten there yet, it kicked in, it had incredible impact on the stock market, on the stock prices. we have set 84 records since my election, records that market prices meaning we hit new highs 84 different times, out of a one-year period, and that is a great thing in all fairness that was done before we passed the tax cuts and tax reform. so what happened is really something special, then as you know as i just said, apple came in with 350 billion dollars i tell you, i spoke with jim cook i side -- tim i will never consider this hole great run that we have made complete until you start building plants in u.s., i will tell you this move up substantially but when i heard 350, i thought he was talking
i thought they were talking 350 million dollars. and by the way, that is a nice side of plant not the greatest but not bad they said no, sir it is 350 billion dollars. i said that is something, well we have tremendous amounts of money including my newfound fends from last night great companies all investing one of the gentlemen said he is putting in two billion dollars, because of the tax cuts i said to myself, wow. he is actually the cheap one in the group accuse they are -- because they are putting in massive amounts billions of dollars a brand new united states a united states where people from all over the world are looking to come and invest, and this just nothing like what is happening, and i just want to finish by i have a group of people that have been so -- i have a whole lot of them i won't introduce
because -- at least half but i had a group of people that worked so hard on this other things, and we are really doing we had a great first year, so successful, and so many different ways, and as a tremendous spirit when you look at all of the different charts and polls you see, as an example, african-american unemployment at the historic low never had a period of time like this, same with hispanic, women at 17-year low. it is -- it is very heartwarming to see there is a tremendous spirit in the united states, i would say it is a spirit like i have never witnessed before, i have been here for a while i have never witnessed the spirit that our country has right now. so i just want to thank you all, and all of those that are pouring billions of dollars into our country or 10 dollars into our country we thank you very much thank you. >> mr. president i will ask
you maybe a personal question, but before doing so. >> sounds very interesting. >> i can only. >> i didn't know about this one. >> would i like to acknowledge the strong presence of your cabinet members. >> yes. >> who tremendously contributed to the discussions. >> i would like to do that that is very nice. >> now, steven. wilbur gary, robert, even my general and my various, other generals, making our military protection a little bit better for us too. so thank you very much, does everybody understand that, i think so. thank you all for being -- >> my maybe personal question would be what experience from your past has been most useful in being fairly new pockets.
>> being a businessman has been great experience i loved it had always loved business always been good billed things i have always been very successful at making money, buy things that would be failures turn them around try to get them right price make them successful i have been good at that takes a certain ability. you know, historically i guess there has never really been a businessman or businessperson elected president so always a general or a politicians. throughout history also a been a general or you had to be a general but mostly was politicians you never have a businessman, then in fairness i was saying to klaus, last night, had the opposing party to me won, some of whom you backed, some of the people in the room, instead of being up almost 50% the stock market is up since my election almost 50%, rather than that i believe the stock market from
that level the initial level would have been down close to 50% that is where we were at i really believe that they were going to put massive new regulations you couldn't breathe there was choking our country to death, and i was able to see that klaus as a businessperson. the other thing is i have always seemed to get for whatever reason a disproportionate amount of press media throughout whole life. somebody will explain some day why i have always gotten a lot. and as a businessman i was treated real well by press numbers speak things happen but i always had a very good press, and it wasn't until i became a politician that i realized how nasty owe maintain how vicious and how fake the press can be, as cameras start going off in the back there but the bottom line somebody said couldn't have been that bad here we are the president, i think we are
doing a really great job with my team i have a team of just tremendous people. and i think we are doing a very special job, and i really believe it was time and was time to do that job because i don't think the united states would have done very well, if it went through four or eight more years of regulation and really a very antibusiness group of people. we have a very pro business group. we have regulations cut to a level in history of our country, klaus, this was reported recently in one year, we've cut more regulations in my administration than any other administration in four, eight or 16 years in one case. we cut more regulations in one year an we have a ways to go i mean we have probably 50% and we're going to have regulation. there is nothing wrong with rules and regulations you need them, but we've cut more than any administration ever in the
history of our country, and we still have a ways to go. so i think between that and the tremendous tax cuts, we have really done something one other thing i said i saw it last night with some of the leaders and the businesspeople, i think i have been a cheerleader for our country. and he everybody representing a company or a country, has to be a clear leader, or no matter what you do it is just as not going to work. and the reason i am a clear leader is because it is easy, because i love our country, and i think we are just doing really well, and we look forward to seeing you in america, special place, and where you are is a special place also, thank you all very much i appreciate it. . >> thank you. thank you very much. mr. president. for being with us -- community
assembled here i quote from you last piece of remarks will be -- hardworking man and women who do their duty each and every day making this world a better place for everyone. thank you very much. >> thank you very much everybody thank you. . [applause] maria: president trump -- president trump just ending the inventory with head of the world economic forum took questions at forum i am back you with you ununi global union secretary blake burman. >> blake your thoughts here. >> it is a speech the president has given all across the united states, they want to continue talking about their successes stock market tax cuts down the line the difference did this before the
world, hadn't don this in western pa last week or two weeks ago, i will tell you this, the white house official told me that they went back out and looking about at obamacare when obamacare was passed president obama had only went out and saying obamacare praises four times the lesson they have learned white house learned even though they think obamacare horrible policy to begin you you need to continue to sell, sell, sell sell sell you will see the president do this, all across the united states, in the upcoming months what you just saw here right now in davos is him pitch success story administration thinks they have. >> seeing success obamacare has been a a deficdevastate for cost more than they thought you have been voice of labor movement in europe your thoughts to president trump's speech. >> my thoughts, that -- that we're still seeing this fixation on trickle down if you fix the stock market --
you fix everything else. america has got wonderful opportunity now, economic growth is up, we have a situation crisis therefore, an opportunity he made a ximent that he was going to commitment to take care of man and woman who he we want to see when talk about a bonfire to all regulations, can't -- just as you can secretary of labor say can you stop what you are doing overtime stop what you are doing with respect to to trying to take tips away from wait retrogreces stops nonsense lifting health safety regulations if really series about helping men and women of america could be stopped secondly on investment i got --
>> rolling back regulations, has been incredible positive for the economy, that is probably the most significant thing, 3 1/2% growth. >> united states of america, invests 0.01% in active labor market policies. they are -- in developed countries developing countries. talking about that man and woman who has been forgotten by the obama administration, and the clinton
administration, your take. >> coming back. >> the thing during election was that it was very union members in the midwest that came out and voted for president trump. and herei lines a messaging problem when someone like phillip talks about workers the working man working woman the only good job to him is a union job, where you collect dues, funnel that to political campaign to politicians, that is why that message doesn't resonate with people here is 2 condition nancy pelosi doesn't inma resonate that thousands three million plus people getting from employers just crumbs just crumbs. >> 1 thousand dollars, i 10 tanks of gas new television
set or laptop 1 thousand dollars potentially in this country, feeds family of four nearly a month, that is what a thousand dollars is to average american. >> not to mention that they doubled the deduction in tax plan lowered taxes 90% americans how do you not like this maria bartiromo, dagen spend a day in my shoes, and you come spend a day in union organizer's shoes, and see what the realities for american workering men and women are. stop this unconscious sens about demonizing trade union movement stop it just shows your ignorance of what it is we do, and how we tried to loyalist all the boets in tboat dagen: asking american workers don't belong to unions happy in jobs. >> may be they are happy don't want a ipo talkiunion -- why te people who he you are voting
for. >> give us a fair opportunity, to organize workers we will treble the membership we don't get a fair chance in workplace billions opponent each year ensuring workers can come together organize, it is vicious, it is evil it is i antidemocratic against human rights of people. in the time of the fair deal america came to a settlement would live all boats the situation at the moment not there i have to say 80% of american workforce lives paycheck to paycheck. >> donald trump got elected that is exactly why donald trump got elected. >> made. maria: he was the candidate talking about that person living from paycheck to paycheck. >> promises what he was going to do for working men and women of the current he have a is doing make it weaker for men and women working, at work, to actually do something about their -- their situation, look. maria: not true that is not true you look at tax plan. >> there are 40 million people
living in poverty in america. maria: that is exactly what that is why he doubled the deduction. >> dagen mcdowell what other issues addressed why he doubled deduction 24,000 dollars no tax. >> 62% of this tax cut will go to top 1%. >>. maria: that is absolutely not true i cannot have you spew lies on this program, that is no the true, everybody got a tax cut. and there are the rich that are actually facing higher taxes those who are losing their salt deduction those are people who are finding higher taxes, the majority of americans are seeing a tax cut go ahead jump in. dagen: more than 0%. >> my -- 8 o%. >> the joint committee on taxation said more than 80% americans are getting a tax tax cut, more than 90% of workers in this country, next month are going to see higher paychecks. that is a fact. maria: right, right.
maria: we love having you on the program thank you for bringing the other side. >> my in my shoes. maria: we take a break more analysis commerce secretary wilbur ross will take a seat next join us for that back in a moment. ♪ k guy has their own way of conveying powerful. yeeaaahhh boy. kind of looks like a monster coming to eat ya. holy smokes. that is awesome. strong. you got the basic, and you got the beefy. i just think it looks mean. incredible. no way. start your year off strong a new chevy truck. get a total value of over $9,600 on this silverado all star when you finance with gm financial. find new roads at your local chevy dealer.
. >> the world witnessing the resurgence of a strong prosperous america i am here to deliver a simple message there mass never been a better time to hire to build to invest an to grow in the united states. america is open for business and we are competitive once again. maria: all right, that was president trump, speaking at world economic forum in davos a few minutes ago, we get reaction to president trump's speech want to bring in wilbur ross good to see you -- >> good to see you.
>> we have been debating the president's policies, and, obviously, we are seeing an impact on the economy, and on wages, your take on what you just heard from the president, as well as that pushback, from phillip jennings. >> i thought the president's speech was remarkable was measured covers all the issues made totally clear his policies on everything. he made clear america first, but not america alone that is a big important statement made clear free trade but fair and reciprocal trade. made clear he believes in international order welcoming everybody into it. i thought it was a very, very powerful speech. maria: it was interesting, because the president really was elected largely because of the forgotten man and woman out there yet, you know we heard a moment ago, that these people are living pay collect to paycheck actually not addressing that, but i think that that is exactly what he was trying to address.
>> not only trying he succeed. >> exactly. >> 2.6 million americans have gotten at least a thousand dollars check from employer saying specifically it was because of the tax cuts. that is before and without reference to the reduction with holding will start showing up in february. >> but i think what is happening, the extreme left including mr. jennings you had on before, they ran out of facts now they are trying fiction eventually, facts will overwhelm fiction. >> i think a good point because i think that the democrats are going to have to explain why they voted against the tax plan from november in midmaterials mid terms why government shut down government. >> a clever bit of language to convince somebody who got more money in his or her pocket at that point in time was bad thing. >> president talked about
strides american made went through trade policies what he is expecting, what is your take, on this whole comment that he is willing to listen on tpp willing to do deals with tpp if deal changes that is -- >> the reason the president withdrew from tp3 was not that he didn't want to do business with those other countries, he with drew because the terms on when they wander to do business were not adequate there is a big difference between turning down a deal, and turning down the other parties. >> president also talked about regulation. basically saying for every one regulation, that is there we are cutting 22 of them, another issue. >> so far, yes. >> another issue but jennings had a problem with . >> i don't think overregulation helps anyone. not anybody not a businessperson not a worker. >> of a i would argue probably single biggest impact to economic growth. >> sure, i think what really
get the animal juices going what the corporate mainstream hiring people, no accident that we have lowest record unemployment for african-americans very low very good records hispanic americans, they see are part of the forgotten people. that while there was a lot of rhetoric under prior administration really wasn't much done to help them. now getting the benefits from it. >> then, of course, he -- he round up with security. talked about isis on run talked about immigration policy that is changing. >> right. it is necessary to have the change. merit based systems have worked pretty well in canada, worked prior to that time well in australia. no reason they can't work well here. i think that is an important thing, people think that the president is antiimmigration, he is not. he is pro immigration. but pro sensible immigration, pro immigration from people who will help build the
country, not come here to do harm. maria: took courage i guess to come here, for starters one message beginning of the world because he has been talking about america first, in the face of all the globalists here. >> yes, i think if it were more evenly distributed audience even a better response to it. but a lot of these people are so embedded in their thought that they cannot accept the idea that something different is not only being said, but is working. producing record stock market, producing record consumer confidence, records in a good direction everywhere and very important. >> secretary i know you are going to be getting deep into nafta next couple weeks your biggest priority in that regard? >> similar to what the president said, there is nothing wrong with the idea of nafta but it has to be if i could -- fictioned fixifrment
ed more equitably distributed at present and going forward. >> secretary ross good to see you now nice to see you see tuned we'll be right back a lot more right here live from davos. hi. i'm the one clocking in when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. i can also help with this. does your bed do that? oh. i don't actually talk. though i'm smart enough to. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. he gets the best deal on the perfect hotel by using. tripadvisor! that's because tripadvisor lets you start your trip on the right foot... by comparing prices from over 200 booking sites to find the right hotel for you at the lowest price.
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prepared to negotiate mutually befl bilateral trade agreements with all countries. >> this will include the countries in tpp, which are very important we have agreements with several of them already. we would consider negotiating with the rest either individually or perhaps as a group if it is in the interests of all. maria: the president just speaking here at world economic forum, the president is departing davos right now
to look getting on that helicopter, after delivering america first message, here at the world economic forum i bring in dagen mcdowell, in new york after that fiery conversation very good guest labor leader phillip jennings reaction. dagen: i will stop yelling spitting a little bit, [laughter]. dagen: i will be as measured as the president was, in that speech, and that is how i would describe it very measured i thought he was so optimistic didn't make it about himself and i am very quick to creatiiticize when he says or tweets something i might disagree with he made about it the american people. and how individuals are benefiting across the country how there has been this knowledgeable quote big beautiful waterfall of money of thousand dollar bonus pay
hikes to millions americans i want to quickly reiterate something nancy pelosi called them crumbs a piece of cheese big cats about ready to jump on the little mows who is going to eat that piece of cheese a thousands isn't so little for family of four they can eat on that, for nearly a month that will feed nearly -- a family of four nearly a month it is a laptop a new washing machine 20 tanks of gas a new television set. that matters. it matters to most americans. and that is something that i think the president understands. >> you are absolutely right that is the reason that he was elected, blake burman you made a comment during the speech, and exactly what dagen is referring to, you said it was measured he stuck the script. >> trump on message, 15 minutes i think 16. whenever the president gives a speech we ask white house
officials how long they say o this long but you never know if president will go on, say something else but when you think about what the president is about to do hop on marine one head back home mission accomplished, came to davos, leaves davos bilateral meetings speech now back home oh, by the way, state of the union on tuesday. >> we will cover that thanks so much my executive producer tommy miller and i like to say special thank you to wonderful davos crew, seth pete frank patrick big thanks to rachel sherman as well best team in business right here thank you, everybody for phenomenal week at world economic forum in davos. we'll be right back. everybody id in miami, but to the nation how great we are. and how great we can be. ♪ ♪ i'll stand by you.
>> all right. thanks for joining us. big thank you to everybody at home who made this happen this week, and i have a great makeup artist. stuart: time you came back to america where you belong, maria. >> everybody deserves it. thank you. thank you so much. stuart: get out of the alps. >> yes,, stuart, i agree with you. you're right. it is time to get home. stuart: yes. come on back. bigger than the state of the union speech. bigger than the inauguration. yes, the davos address. the most important speech yet from the president and, in my opinion, it was a winner. good morning, everyone, here are the main points. america is open for business. america is the place to do business. come to america to innovate, create, and